Q2 2025 Holdings
Filed 2025-08-14 | 39 holdings | $326.7M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Agree Rlty Corp(ADC) | COM | 008492100 | $25.7M | 352,401 | 7.9% |
| Gaming & Leisure Pptys Inc(GLPI) | COM | 36467J108 | $22.6M | 483,796 | 6.9% |
| Avalonbay Cmntys Inc(AVB) | COM | 053484101 | $18.7M | 92,103 | 5.7% |
| Meritage Homes Corp(MTH) | COM | 59001A102 | $17.6M | 262,994 | 5.4% |
| Essex Ppty TR Inc(ESS) | COM | 297178105 | $17.1M | 60,302 | 5.2% |
| Equity Lifestyle Pptys Inc(ELS) | COM | 29472R108 | $15.8M | 255,437 | 4.8% |
| Wyndham Hotels & Resorts Inc(WH) | COM | 98311A105 | $14.7M | 181,063 | 4.5% |
| Equity Residential(EQR) | SH BEN INT | 29476L107 | $14.4M | 213,708 | 4.4% |
| Phillips Edison & Co Inc(PECO) | COMMON STOCK | 71844V201 | $13.7M | 391,032 | 4.2% |
| Diamondrock Hospitality Co(DRH) | COM | 252784301 | $12.0M | 1,564,318 | 3.7% |
| Federal Rlty Invt TR New(FRT) | SH BEN INT NEW | 313745101 | $11.8M | 124,605 | 3.6% |
| Broadstone NET Lease Inc(BNL) | COM | 11135E203 | $10.8M | 672,619 | 3.3% |
| Public Storage Oper Co(PSA) | COM | 74460D109 | $9.4M | 31,994 | 2.9% |
| American Homes 4 Rent(AMH) | CL A | 02665T306 | $9.2M | 256,099 | 2.8% |
| Lennar Corp(LEN) | CL A | 526057104 | $8.5M | 76,542 | 2.6% |
| First Indl Rlty TR Inc(FR) | COM | 32054K103 | $8.5M | 175,816 | 2.6% |
| Prologis Inc.(PLD) | COM | 74340W103 | $8.4M | 80,031 | 2.6% |
| Independence Rlty TR Inc(IRT) | COM | 45378A106 | $8.0M | 454,296 | 2.5% |
| Rexford Indl Rlty Inc(REXR) | COM | 76169C100 | $8.0M | 224,176 | 2.4% |
| Four Corners Ppty TR Inc(FCPT) | COM | 35086T109 | $7.4M | 276,777 | 2.3% |
| Equinix Inc(EQIX) | COM | 29444U700 | $6.8M | 8,599 | 2.1% |
| Crown Castle Inc(CCI) | COM | 22822V101 | $6.8M | 65,972 | 2.1% |
| Choice Hotels Intl Inc(CHH) | COM | 169905106 | $6.5M | 51,548 | 2.0% |
| Cubesmart(CUBE) | COM | 229663109 | $6.2M | 145,382 | 1.9% |
| LXP Industrial Trust(LXPUSD) | COM | 529043101 | $5.9M | 719,003 | 1.8% |
| NNN REIT Inc(NNN) | COM | 637417106 | $5.2M | 119,377 | 1.6% |
| Healthpeak Properties Inc(DOC) | COM | 42250P103 | $4.3M | 244,006 | 1.3% |
| Extra Space Storage Inc(EXR) | COM | 30225T102 | $3.9M | 26,747 | 1.2% |
| Healthcare Rlty TR(HR) | CL A COM | 42226K105 | $3.8M | 241,090 | 1.2% |
| American Tower Corp New(AMT) | COM | 03027X100 | $3.5M | 15,993 | 1.1% |
| UDR Inc(UDR) | COM | 902653104 | $2.5M | 61,432 | 0.8% |
| SUN Cmntys Inc(SUI) | COM | 866674104 | $2.1M | 16,577 | 0.6% |
| Sila Realty Trust Inc(SILA) | COMMON STOCK | 146280508 | $1.5M | 62,189 | 0.5% |
| Digital Rlty TR Inc(DLR) | COM | 253868103 | $1.3M | 7,275 | 0.4% |
| Marriott Intl Inc New(MAR) | CL A | 571903202 | $1.2M | 4,278 | 0.4% |
| Kimco Rlty Corp(KIM) | COM | 49446R109 | $1.2M | 54,795 | 0.4% |
| National Health Invs Inc(NHI) | COM | 63633D104 | $1.0M | 14,396 | 0.3% |
| KKR Real Estate FIN TR Inc(KREF) | COM | 48251K100 | $501.1K | 57,138 | 0.2% |
| RLJ Lodging TR(RLJ) | COM | 74965L101 | $140.5K | 19,303 | 0.0% |